White collar hiring grew 10% in October

White collar hiring activity witnessed a growth of 10 per cent year-on-year in October mainly driven by a rise in recruitment in sectors, including oil and gas, pharmaceuticals, FMCG, and IT, a report said on Monday.

The Naukri JobSpeak Index, India’s leading indicator of white-collar hiring activity, demonstrated robust growth in October, reaching 2,733 points compared to 2,484 in the same month of 2023, marking a significant 10 per cent year-on-year increase.

Key sectors, including oil & gas (18 per cent), pharma/biotech (12 per cent), FMCG (8 per cent), and IT (6 per cent) emerged as primary drivers of this positive trend, with AI/ML roles showing exceptional growth at 39 per cent year-on-year, the report stated. Hiring in the IT sector showed positive growth in four out of the seven months this financial year, auguring well for balance of year trends, added the report.

The Naukri JobSpeak is a monthly Index representing the state of the Indian job market.